9 Russell Street, Henley Beach South SA 5022
9 Russell Street, Henley Beach South SA 5022
3 bed, 1 bath, 2 car spaces, 2-storey house built 1958 on a 696m² lot in Henley Beach South. Estimated value between $1.8M and $2.0M, reflecting the premium placed on beachside positioning and land size rather than the dwelling itself.
What is competitively strong here is the land-to-dwelling ratio. A 696m² lot in a prime beachside suburb is increasingly rare, and the existing two-storey structure, while modest in footprint, provides immediate occupancy and a solid base for renovation or reconfiguration. The property sits in a well-established residential pocket of Henley Beach South where mid-century housing stock on generous blocks defines the character. This configuration best suits a buyer who values location and land over turnkey finish — someone looking to add value through modernisation while enjoying the benefits of a beachside lifestyle from day one. The two-storey layout, though compact, offers separation of living and sleeping zones which is a practical advantage for families or those considering future rental income.
The primary factor affecting value is the condition of the original 1958 finishes and services, which may require significant investment. A single bathroom in a three-bedroom house could be a constraint for family buyers and might influence resale potential. The estimated value range of $1.8M to $2.0M suggests the market is pricing the land and location strongly, but the final sale price will depend on how much a buyer discounts for necessary upgrades. Immediate occupancy is a practical advantage, but it may also mask deferred maintenance that should be inspected carefully. The lack of recent comparable sales in the immediate area means price discovery will rely heavily on buyer appetite for the renovation opportunity this property presents.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Russell Street, Henley Beach South SA 5022
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Henley Beach South presents a distinct market dynamic, with its house segment experiencing robust growth, contrasting with a softening unit market. Demand for houses appears strong, supported by a primary school and a measured sales volume suggesting a stable, family-oriented environment. The current conditions indicate houses are transacting at a deliberate pace, while the divergence in performance between property types highlights a market of selective opportunity, with future growth likely tied to broader economic factors and the appeal of its established local amenities.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
690m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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